{"id":13220,"date":"2017-04-07T08:17:16","date_gmt":"2017-04-07T06:17:16","guid":{"rendered":"http:\/\/skyddaskogen.se.hemsida.eu\/divest-from-destructive-rampal-coal-businesses-groups-urge-global-investors\/"},"modified":"2023-03-18T10:50:01","modified_gmt":"2023-03-18T09:50:01","slug":"divest-from-destructive-rampal-coal-businesses-groups-urge-global-investors","status":"publish","type":"post","link":"https:\/\/skyddaskogen.se\/en\/divest-from-destructive-rampal-coal-businesses-groups-urge-global-investors\/","title":{"rendered":"Divest from destructive Rampal coal businesses, groups urge global investors"},"content":{"rendered":"<p>Press release 7th of April 2017<\/p>\n<p>During the current visit of the Prime Minister of Bangladesh to India, investors in the potential financiers of, and the company behind the planned Rampal coal power plant in Bangladesh are being urged to disinvest from the project by over 70 non-governmental organizations.<\/p>\n<p>Non-governmental organisations from around the world today expressed their concerns in a joint letter to banks and investors with links to the different entities that are aiming to construct the proposed Rampal coal-fired power plant, which presents a major threat to the ecological integrity of the world\u2019s largest mangrove forest, the Sundarbans in Bangladesh, as well as to the health and livelihoods of millions of local people. <\/p>\n<p>The 1320 megawatt Rampal coal plant project has been proposed by the Bangladesh India Friendship Power Company, and if completed, would be co-managed by the National Thermal Power Corporation of India (NTPC) and debt financed by India\u2019s Export-Import (Ex-Im) Bank. <\/p>\n<p>\u201cInvestors with funds in NTPC or who hold India Ex-Im bonds must wake up to the Rampal threat and withdraw from climate-hazardous coal based energy projects, rather investing in renewable solar power instead,\u201d said Amanda Tas from the NGO, Protect the Forest. \u201cWe also hope that this message gets through to the Prime Ministers of Bangladesh and India, who are hoping to expand their cooperative relationship. They must realize that burning coal is not an acceptable option, and that protecting the Sundarbans is not negotiable.\u201d<\/p>\n<p>Read the letter <a href=\"http:\/\/globalforestcoalition.org\/wp-content\/uploads\/2017\/04\/Letter_Investors-2017.pdf\">here<\/a>.<\/p>\n<p>The letter to the investors is supported by the following NGOs:<\/p>\n<p>Abibiman Foundation, Ghana<br \/>AMIHAN National Federation of Peasant Women, Philippines <br \/>Asia Pacific Forum on Women, Law and Development (APWLD), Asia Pacific<br \/>BankTrack, International<br \/>Biofuelwatch, UK\/USA<br \/>Botswana Climate Change Network, Botswana<br \/>Friends of the Earth, Bosnia and Herzegovina<br \/>CHAUKATH voluntary network of feminists, Nepal<br \/>Climate Action Network, International<br \/>Climate Litigation Network, Transnational<br \/>Conservatree, USA<br \/>Cordillera Women&#8217;s Education Action Research Center (CWEARC), Philippines<br \/>Cultures of Resistance Network Foundation <br \/>EcoNexus, UK<br \/>Ecoropa, Germany<br \/>Feminist League, Kazakhstan<br \/>Forum Environment and Development, Germany <br \/>Forum for Nature Protection NGO, Nepal<br \/>Foundation for GAIA, International<br \/>Fragile Planet Earth, South Africa<br \/>Friends of the Earth US, USA<br \/>Friends of the Siberian Forests, Russia<br \/>Friends of the Tamar Valley, UK<br \/>Nature and Youth, Sweden<br \/>GenderCC &#8211; Women for Climate Justice e.V., International<br \/>Genethics Foundation, Netherlands<br \/>Global Environment Centre, Malaysia<br \/>Global Forest Coalition, International<br \/>Green IT. Uruguay<br \/>Greenpeace Russia<br \/>Grupo Para o Desenvolvimento da Mulher e Rapariga, Mozambique<br \/>IBON International<br \/>ICLEI Local Governments for Sustainability \u2013 Africa, South Africa<br \/>Institute for Planetary Synthesis, Switzerland<br \/>Janabhivyakti, India<br \/>Japan Tiger and Elephant Fund, Japan<br \/>Japan Tropical Forest Action Network (JATAN), Japan<br \/>Friends of the Earth, Sweden<br \/>Klimataktion Stockholm, Sweden<br \/>Korea Federation for Environmental Movements, Korea<br \/>Michael Underwood Agroforestry Associates Africa, South Africa<br \/>Mom Loves Taiwan Association, Taiwan<br \/>National Indigenous Women Forum, Nepal<br \/>NCA-Afghanistan, Afghanistan<br \/>New Wind Association, Finland<br \/>Next Big Thing Movement, Inc, USA<br \/>Oil Change International<br \/>Performing Animal Welfare Society (PAWS), USA<br \/>Persatuan Kesedaran Komuniti Selangor (EMPOWER), Malaysia<br \/>Planetary Association for Clean Energy (PACE), Canada<br \/>Protect the Forest, Sweden<br \/>PUSH Sweden<br \/>Quercus- National Association for Nature Conservation, Portugal<br \/>Rainbow Eco-Farm and Training Center NPO, South Africa<br \/>Re-nourish, USA<br \/>Rettet den Regenwald, Germany<br \/>Rewild, South Africa<br \/>Rutale Development Association, Africa Students for a Just and Stable Future, USA<br \/>SustainUS, USA<br \/>Swedish Society for Nature Conservation, Sweden<br \/>Tanzania Youth Coalition, Tanzania<br \/>TFINS, India<br \/>Thanal, India<br \/>The Endangered Wildlife Trust, South Africa<br \/>Timberwatch Coalition, South Africa<br \/>WECF Women Engage for a Common Future, International<br \/>Wildlife Impact, USA<br \/>Women&#8217;s Environment &amp; Development Organization (WEDO), International<br \/>World Heritage International, Netherlands<br \/>YouthNet for Climate Justice, Banglades <\/p>\n<p>Contact<br \/>Amanda Tas, <br \/>Protect the Forest, Sweden <br \/>Email: <a class=\"mailto-link\" href=\"mailto:amanda.tas@skyddaskogen.se\" target=\"_blank\" rel=\"noopener noreferrer\">amanda.tas@skyddaskogen.se<\/a><br \/>Phone: +46 (0) 73 5860099<\/p>\n<p>Wally Menne,<br \/>Timberwatch Coalition, South Africa<br \/>Email: <a class=\"mailto-link\" href=\"mailto:plantnet@iafrica.com\" target=\"_blank\" rel=\"noopener noreferrer\">plantnet@iafrica.com<\/a><br \/>Mobile: +27 (0) 82 4442083<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Press release 7th of April 2017 During the current visit of the Prime Minister of Bangladesh to India, investors in the potential financiers of, and the company behind the planned&hellip;<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-13220","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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